26 U.S.C. § 1211
Limitation on capital losses
# (a) Corporations
In the case of a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of gains from such sales or exchanges.
# (b) Other taxpayers
In the case of a taxpayer other than a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of the gains from such sales or exchanges, plus (if such losses exceed such gains) the lower of— (1) $3,000 ($1,500 in the case of a married individual filing a separate return), or (2) the excess of such losses over such gains.
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Cited by 37
- 26 CFR § 1.111-1 — Recovery of certain items previously deducted or credited.
- 26 CFR § 1.1211-1 — Limitation on capital losses.
- 26 CFR § 1.1212-1 — Capital loss carryovers and carrybacks.
- 26 CFR § 1.1222-1 — Other terms relating to capital gains and losses.
- 26 CFR § 1.1231-1 — Gains and losses from the sale or exchange of certain property used in the trade or business.
- 26 CFR § 1.1301-1 — Averaging of farm and fishing income.
- 26 CFR § 1.1341-1 — Restoration of amounts received or accrued under claim of right.
- 26 CFR § 1.1411-4 — Definition of net investment income.
- 26 CFR § 1.165-1 — Losses.
- 26 CFR § 1.165-2 — Obsolescence of nondepreciable property.
- 26 CFR § 1.166-5 — Nonbusiness debts.
- 26 CFR § 1.367(e)-2 — Distributions described in section 367(e)(2).
Show 25 more
- 26 CFR § 1.468A-4 — Treatment of nuclear decommissioning fund.
- 26 CFR § 1.468B-2 — Taxation of qualified settlement funds and related administrative requirements.
- 26 CFR § 1.469-1 — General rules.
- 26 CFR § 1.469-1T — General rules (temporary).
- 26 CFR § 1.469-2 — Passive activity loss.
- 26 CFR § 1.527-4 — Special rules for computation of political organization taxable income.
- 26 CFR § 1.528-10 — Special rules for computation of homeowners association taxable income and tax.
- 26 CFR § 1.535-2 — Adjustments to taxable income.
- 26 CFR § 1.6013-4 — Applicable rules.
- 26 CFR § 1.636-1 — Treatment of production payments as loans.
- 26 CFR § 1.641(c)-1 — Electing small business trust.
- 26 CFR § 1.6411-1 — Tentative carryback adjustments.
- 26 CFR § 1.642(c)-3 — Adjustments and other special rules for determining unlimited charitable contributions deduction.
- 26 CFR § 1.642(h)-1 — Unused loss carryovers on termination of an estate or trust.
- 26 CFR § 1.822-5 — Mutual insurance company taxable income.
- 26 CFR § 1.822-8 — Determination of taxable investment income.
- 26 CFR § 1.832-2 — Deductions.
- 26 CFR § 1.832-5 — Deductions.
- 26 CFR § 1.865-2 — Loss with respect to stock.
- 26 U.S.C. § 1212 — Capital loss carrybacks and carryovers
- 26 U.S.C. § 1222 — Other terms relating to capital gains and losses
- 26 U.S.C. § 1231 — Property used in the trade or business and involuntary conversions
- 26 U.S.C. § 165 — Losses
- 26 U.S.C. § 641 — Imposition of tax
- 26 U.S.C. § 6662A — Imposition of accuracy-related penalty on understatements with respect to reportable transactions
Nearby sections (25 sections)
- 1060 · Special allocation rules for certain asset acquisitions
- 1061 · Partnership interests held in connection with performance of…
- 1062 · Gain from the sale or exchange of qualified farmland property to…
- 1063 · Cross references
- 1071 · Repealed. Pub. L. 104–7, § 2(a), Apr. 11, 1995, 109 Stat. 93
- 1081 · Repealed. Pub. L. 109–135, title IV, § 402(a)(1), Dec. 21, 2005,…
- 1091 · Loss from wash sales of stock or securities
- 1092 · Straddles
- 1101 · Repealed. Pub. L. 101–508, title XI, § 11801(a)(34), Nov. 5,…
- 1111 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(134), Oct. 4,…
- 1201 · Repealed. Pub. L. 115–97, title I, § 13001(b)(2)(A), Dec. 22,…
- 1202 · Partial exclusion for gain from certain small business stock
- 1211 · Limitation on capital losses
- 1212 · Capital loss carrybacks and carryovers
- 1221 · Capital asset defined
- 1222 · Other terms relating to capital gains and losses
- 1223 · Holding period of property
- 1231 · Property used in the trade or business and involuntary…
- 1232 · Repealed. Pub. L. 98–369, div. A, title I, § 42(a)(1), July 18,…
- 1233 · Gains and losses from short sales
- 1234 · Options to buy or sell
- 1234A · Gains or losses from certain terminations
- 1234B · Gains or losses from securities futures contracts
- 1235 · Sale or exchange of patents
- 1236 · Dealers in securities